Market Commentary

Daily reports from our Chief Economic Strategist.

Perhaps “the Dog Days of Summer” is an Accurate Description of Yesterday’s Trading Until a Late Afternoon Geopolitical Inspired Rally That Pushed Equities Higher.
Perhaps “the dog days of summer” is an accurate description of yesterday’s trading until a late afternoon geopolitical inspired rally that pushed equities higher.  All markets were quiet, volume subdued, an environment perhaps amplified by the lack of any significant headlines until the 3:00 P.M headlines.
Last Monday I Wrote the Upcoming Week Could be a Volatile Given the Extremely Busy Economic and Earnings Calendar.
Last Monday I wrote the upcoming week could be a volatile given the extremely busy economic and earnings calendar.  Unfortunately I was correct as all indices declined about 2.0%.

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